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Council and Democracy

Agenda

Venue: Guardsman Tony Downes House, Manchester Road, Droylsden, M43 6SF

Contact: Carolyn Eaton, Principal Democratic Services Officer  0161 342 3050 or Email: carolyn.eaton@tameside.gov.uk

Items
No. Item

GENERAL BUSINESS

1.

Chair's Introductory Remarks 10.00am

2.

Apologies for Absence

3.

Declarations of Interest

To receive any declarations of interest from Members of the Panel.

4.

Minutes

4a

Minutes of the Pension Fund Advisory Panel pdf icon PDF 410 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 19 July 2019.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 313 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 19 July 2019.

5.

Local Government (Access to Information) Act 1985

5a

Urgent Items

To consider any items which the Chair is of the opinion shall be considered as a matter of urgency.

5b

Exempt Items

The Proper Officer is of the opinion that during the consideration of the items set out below, the meeting is not likely to be open to the press and public and therefore the reports are excluded in accordance with the provisions of the Schedule 12A to the Local Government Act 1972.

 

Items

Paragraphs

Justification

7, 8, 10, 11, 12, 13, 14, 16, 18, 21, 22, 23, 24, 25, 26, 28, 29, 30, 31, 32, 33, 34

3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10  3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10  3&10, 3&10, 3&10, 3&10

  

Disclosure would, or would be likely to prejudice the commercial interests of the Fund and/or its agents which could in turn affect the interests of the beneficiaries and/or tax payers.

 

6.

Pension Fund Working Groups/Local Board Minutes

6a

Local Pensions Board pdf icon PDF 319 KB

To note the Minutes of the meeting held on 26 September 2019.

6b

Policy and Development Working Group pdf icon PDF 316 KB

To consider the Minutes of the meeting held on 20 September 2019.

6c

Investment Monitoring and ESG Working Group pdf icon PDF 198 KB

To consider the Minutes of the meeting held on 12 July 2019.

6d

Administration, Employer Funding and Viability Working Group pdf icon PDF 227 KB

To consider the Minutes of the meeting held on 19 July 2019.

 

 

ITEMS FOR DISCUSSION / DECISION

7.

2019 Actuarial Valuation including Club Vita 10.20am

Report of the Assistant Director of Pensions (Funding & Business Development), attached.

8.

GMPF Approach to Climate Risk 10.50am

Report of the Assistant Director of Pensions (Investments), and a presentation from Trucost.

9.

Design and Implementation of Factor Indexing Portfolio 11.20am

Report of the Assistant Executive Director of Pensions (Special Projects), attached.

10.

Competition Markets Authority 11.30am pdf icon PDF 128 KB

Report of the Assistant Director of Pensions (Investments), attached.

11.

Performance Dashboard 11.45am

Report of the Assistant Director of Pensions (Investments), attached.

12.

Update on Investment Management Cost Benchmarking 11.55am

Report of the Assistant Director of Pensions (Investments), attached.

13.

Risk Management and Business Planning 12.05pm

Report of the Director of Pensions, attached.

14.

Property Strategy 12:15 pm

To receive a report of the Assistant Director of Pensions (Local Investment & Property), attached.

15.

Advisor Comments and Questions 12.25pm

ITEMS FOR INFORMATION

16.

Good Governance in the LGPS

Report of the Assistant Director of Pensions (Funding & Business Development), attached.

17.

Pensions Administration Update pdf icon PDF 144 KB

Report of the Assistant Director for Pensions Administration, attached.

18.

Northern LGPS Minutes

To note the Minutes of the meeting of the Northern LGPS Shadow Joint Committee held on 26 September 2019 (attached).

19.

Future Development Opportunities

Trustee development opportunities are available as follows.  Further information/details can be obtained by contacting Loretta Stowers on 0161 301 7151.

 

LGE Fundamentals Training, Day 2, Leeds

14 November 2019

Annual LAPFF Conference, Bournemouth

4-6 December 2019

LGE Fundamentals Training, Day 3, Leeds

5 December 2019

LGE Annual Conference, York

23-24 January 2020

 

 

 

20.

Dates of Future Meetings

 

Management/Advisory Panel

17 January 2020

17 April 2020

Local Pensions Board

12 December 2019

26 March 2020

Policy and Development Working Group

19 December 2019

 6 March 2020

Investment Monitoring and ESG Working Group

20 December 2019

20 March 2020

Administration and Employer Funding Viability Working Group

20 December 2019

20 March 2020

 

Working Papers - Appendices

21.

APPENDIX 8(a) - APPROACH TO CLIMATE RISK

22.

APPENDIX 8(b) - APPROACH TO CLIMATE RISK

23.

APPENDIX 9(a) - Design and Implementation of Factor Indexing Portfolio

24.

APPENDIX 9(b) - Design and Implementation of Factor Indexing Portfolio

25.

APPENDIX 9(c) - Design and Implementation of Factor Indexing Portfolio

26.

APPENDIX 9(d) - Design and Implementation of Factor Indexing Portfolio

27.

APPENDIX 10(a) - Competition Markets Authority pdf icon PDF 304 KB

28.

APPENDIX 11(a) - Performance Dashboard

29.

APPENDIX 12(a) - Update on Cost Benchmarking

30.

APPENDIX 13(a) - CIPFA Managing Risk

31.

APPENDIX 13(b) - Consolidated Business Plan

32.

APPENDIX 13(c) - Schedule of Reports

33.

APPENDIX 13(d) - Risk Register

34.

APPENDIX 14 - Property Strategy